California Corporate & Securities Law

For some time, the California Secretary of State's office has offered a business search application on its website.  Although the function provided only limited information, the application received more than 5 million views per month.  On St. Lucia's...

Earlier this month, the Securities and Exchange Commission announced yet another large whistleblower bounty.  See SEC Awards Nearly $1 Million to Whistleblower. This brings to $136 million the total amount awarded to date by the SEC to...

Yesterday's post concerned the classification of directors and officers as employees for purposes of California's workers' compensation law. Effective January 1, 2017, California Labor Code Section 3351(c) will define "employee" to include all...

Until the addition of paragraph (c) to Rule 506 three years ago, securities lawyers spent a lot of time advising their clients on how to avoid a public offering of their securities. Thus, I found it somewhat ironic to read that the Securities and...

To paraphrase William Somerset Maugham's Of Human Bondage, businesses may ask you for a review, but they only want praise. Indeed some businesses have tried to ensure only good reviews by including non-disparagement clauses in their consumer...

The California Water Code makes numerous reference to "protestants". Secularists need not fear. The reference isn't to adherents of the reformation theologies of Martin Luther, John Calvin or Huldrych Zwingli. These are small "p" protestants, that...

Last June, the Securities and Exchange Commission belatedly adopted a rule requiring disclosure of resource extraction payments by issuers.  As I wrote at the time:

The California Department of Business Oversight administers and enforces the California Finance Lenders Law, Cal. Fin. Code § 22000 et seq.  The CFLL prohibits any person from engaging in the business of a "finance lender" without a license, unless...